Month: November 2011

FXCM Fined $14.2 Million by CFTC

Forex Capital Markets (FXCM) has agreed to pay $14.2 million to the US Commodity Futures Trading Commission to settle claims that it failed to properly oversee the handling of more than 57,000 accounts that used its trading platform. The $6 million fine and $8.2 million in restitution to customers comes on top of a $2 […]

Gain GTX Adds Voice Desk…

Gain Capital has launched a new execution desk to supplement its institutional ECN, Gain GTX. GAIN GTX clients now have 24-hour access to an experienced FX team that will assist them in pricing and executing transactions in the GTX marketplace. The desk will cover all aspects of the FX markets including spot, swaps, non deliverable […]

Anello Asset Management Hires for Mantis Program

Loizou has 23 years of trading experience, most recently as founder and CEO of Lewis Charles Securities. Prior to this, he was head of strategic trading at Fuji Bank where he was responsible for a portfolio of $100 million in fixed income, stock indices and spot foreign exchange. AAM’s Mantis program uses a multi-asset actively […]

Cambridge Strategy Asset Management Hires

Adam Reynolds, co-head of fixed income and currencies in Asia at Société Générale, has left the French bank to become Asia chief executive for the Cambridge Strategy Asset Management, a hedge-fund manager that specialises in emerging markets and macroeconomic trades. Reynolds joined Société Générale in July 2009 and oversaw Asian fixed income and currency sales. […]

Parker Index Down in August

Funds in the index reported an aggregate loss of 1.28% in August with 39 out of 58 funds incurring losses. The performance for the month ranged from a high of 4.03% to a low of -8.38%, says Parker, which does not disclose the names of the funds. The median return for the month was -0.86%. […]

CSAM Hires in Asia-Pac

He will be based in Hong Kong and will report to Neil Harvey, head of Asia Pacific and head of emerging markets globally, and Sudip Thakor, head of global emerging markets products for Asset Management. The role is newly created and Guinness will focus on Asian emerging markets product development and investment solutions for regional […]

AIMA ‘Concerned’ Over ESMA Proposals

The Alternative Investment Management Association (Aima) has made public its concerns surrounding the potential impact of the European Securities and Markets Authority’s (Esma) proposal – the Alternative Investment Fund Managers Directive (AIFMD) on non-EU managers and funds. ESMA is responsible for giving advice on specific rules and regulation that will in turn enable the AIFMD […]

What’s New?

Deutsche Bank Extends Order Functionality Deutsche Bank has extended the FX order functionality on Autobahn with the launch of an order management platform for FX swaps.FX Swap Orders allows clients to place orders in multiple currencies, trade within a given bid/ask spread and provides access to better liquidity. The service also provides a Fast Orders […]

Thomson Reuters Creates Marketplaces Group

Thomson Reuters is creating a new group called Marketplaces as part of a move to combine its Sales and Trading and Investment and Advisory businesses. The two businesses operate within Thomson Reuters’ Markets division which the company plans to disband early next year, along with its other division, Professional. Thomson Reuters says it will transition […]

EU Unveils Tougher Financial Rules

The European Commission has unveiled a series of wide-ranging measures designed to extend its regulation of the over-the-counter derivatives markets. The Markets in Financial Instrument Directive proposals, or MiFID II, are part of a global effort to make the markets more transparent, after a commitment by the Group of 20 nations in 2009. The Mifid […]